MOUNT PLEASANT ISLAMIC TRUST TRUSTEES. REPORT AND FINANCIAL STATEMEKrs FOR THE YEAR ENDED 30 SEPTEMBER 2024 Registored Charity No. 517670
MOUNT PLEASANT ISLAMIC TRUST Financial Statements for the year ended 30 September 2024 Charity No. 517670 Page Trustees, report Independent Auditor's Report Statement of financial activities 10 Balance sheet 11 Statement of Cash Flows 12 Notes to the accounts 13to 20
MOUNT PLEASANT ISLAMIC TRUST Trustees, Report for tha vear ended 30 Seotember 2024 Charity No. 517670 The trustees wesent their annual report and financial statements for the year ended 30 Septernber 2024 The fflnanal statements have been prepared in accordance Yhlh the accountlng policie5 set out in note 1 arKI comply th the charitys constitution, the Charities Acl 2011 and Accounllng Repjrting by Charities: Statement of Re(x)mrnended Practice applicable to ch8rities preparlng thelr acwunts In accordance the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Admlnlstratlve detalls Charity Name.. Mount Pleasant Islamlc Trust Also known as: MPIT Charlty Nurnbw.. Charity Office: 517670 Madina Maslld. Purfwell Lane Batiey. WF17 7NQ Custodian Trustees: Gulam A Manlyar {deceased 29-24) Ebrahlm H. Laher, Yusuf Aswat Esuf M. Karolla Yusuf S. Patel Abdul A Patel Trustees l Office Bearer8: Chair Vic6 Chair General SeGretary Jolnl Secretary Asslstant Joint Secxelary Mohmd Faruk Dabhad Suleman Nana Fezal Vallmulla Yusul l Lunal Ebrahlm A Laher TrF Madrasah Seuetsry Treasurer Hafez A¥81stant Trea¥urer Asslstant Treasurer Office Bearer Offlce Bearer Offlce Bearer Moh8in A P8ndor Mohammed Amln Karolla Va8hlu118h S Bodlyat Yahya Y Akudi Azhar Sallm Lakhl Yusuf H Pandor Nazlr S Lorgat Other execullve member8: Hafez Khalid A. Dali ELYahim G. Karolia EahIM G. Laher An18h l. Mayet Imran Seedal Yusuf Patel Moosa Ravat Rashkl E. Sonl Zakir Sonl 18mall Lunat Hanlf Valllmulla Zaklr Ahm8d l. Lunal Suhail May81 Hanif Mayet Gulam Y. Lahar Zunaid K8lhsrada Mohammed All Karolla Fazal Ahmed All Novsarka Hafez Mohamed Amin Rawal Abdul Rehman Y Mayet Key Staff.. Madrasah Head T&acher: Z. Akudl AdvS8er8'. Banker8: Virgln Money IYork3hlr8 88nk Hc). Lloyd8 Bank Plc, HSBC Bank PIC AccountsntslAuditors.' Forrest Burlinson 20 Lane, DbUry. WF12 7RQ Sollcltor8'. Dl8ken & Co 20 Bond Street, Oawsbury, WF13 1AT Audlior.. Ebrahlm Suleman ACA Purp0 and actlvltles The trustees confirm that they have referred to the guldance contslned In the Charity Commls51on's general guidance on public benefit when reviewirvJ the charlty's alms and obctiveS and in planning future objectives, and have complled wllh the Charities Act. The wrposes of the charlty are.. The advancement of the Is18mic faith primarily in Mount Pleasant. BaeY and its surrounding areas by all means consistent th the teachings of the Quran arKI Hadith as inlerpreted by the Deobandi school of thought. and In partlwlar by the wovi5ion and maintenance of Masjkl Iplaco of worship) and Madrasah (place of learning}- Our aims are= Carrying out reltgious, educational. 80clal. clvlc, charlt8ble, Ilterary. researth and visits from othgr faith5 to the Irusl. P4e1
MOUNT PLEASANT ISLAMIC TRUST Trustees. Report for the vear ended 30 Se Charity No. 517670 lember 2024 Strengthenlng unlty and relations amongst Muslim communltle8 and Non-musllm communities promoting hamiony and 8 coheslve society through interfaith work. To support agencies and individuals and other charitable org8nlsatlon8 Involvad in charitable work and the rellef of poverty or other soaal needs. Publlc Beneflt Statemvnt The Trustees confirm that they have referred to the guldance contained In the Charlty Commission's general guklance on public benefit in exerclslng thelr POY•ers aThJ dulles aTrJ in planning future oblect(ves and have complled wlth the Ch8rllies ACL Structure. 9ovemance and rnanagoment The Charftable Trust Is wnslltuled by way of a Conslllutlon adopted 3 March 1985. a5 last amended on 23 November 2014. The trustees named above have served throughout the year except where indicalad. Appointment of trustees Is governed by the Con$tttutlon of the charity. The Trusl8e8 are authorised to appolnt new trustees to fill vacancles arlslng through resignation or death of an exSstlng truste8. The ch8rlty Is run by the 'Executive Committee, and ordinarily conslsts of not less than 3 and not moTe than 35 Indlvldu81s. Members of the Execullve Committee are elected at the Annual General Meeung. Trustees are required to dlsdose all relevant Snterests and reglsler them vAlh the Executlve Committee and In accordance with the Trusvs policy they mu81 vAlhdraw from decisions vthere a confllct of interest 8rlseg. Pollclo8 and procodur•• adopt•d for thè Indu¢tlon and Iralnlng of truste•s Trustees are elected on their past rerd of charitable V•Drk with the Trust. To ensure Ihal new Iruslee8 fulfil their dutle8 and r68ponslbilllle$ th8 Trust will provlde guldance and 8sslstsnce In accordance with the Charlty Commission's guodellnes. Th& Trust will 8180 nomlnale one P8rgon to attsnd tralning courses and that person wlll be regponslble for tralning new tru8tee8. K•y man•gam•nt pbrnonnel 4nd pay pollcy for ••nlor •taff The truste89 ¢onslder the Execullve Commlttee 88 comprlsln9 the key management per¥onnel of the charlty In charge of dlre¢llng and controlllng the charity and runnlng and operating the tharity on a day to day basis. All Iruglees give Ihelr Ilme freely and no trustee remunerallon was paid durlng the year. The pay of 8enlor 8taff Is revlewed regularly In ccordance wllh what Is consldered to be good pracllGe. hlev•m•nt• and porfomian¢• Ma8Sld Tollels refurblshed and Ma8lld Roof repair Completed. In8ta11811on of new door$ at the Masjid. Refurbi$hmenl of Old Madr8S8h H811. Hosting Worldde Quran Compelltlon over 4 days. Refurbishment of Nursery play are8. General rnalnlenance of the New Madrasah. Inltl81 an81ysls of Madras8h re-struGture. Wlnter breakfast club and games nlght for the youth. Access to burial services 24hr 15 avallable to memberg and non members. All0V9 Interfaith meetings and arranglng vlslts to the Maslld and Madrasah wth Schools, churches, voluntary organisallons. Safeguardlng tr8Snlng workshops for all Uslaads Iteachersl, volunteers, Trustee8 and caretakers. FuThYralslng through receiver system and payments made onllne or vla bank transfer for greater llexlbillty Crlminal Record Bureau checks for staff and volunteers are In place and ffjnewed. Providing Access lo marriage ceremonles and savices. Access to membership applicatlons onllne. Contlnue to bulld good communlty relatlons wth. locsl schools. educatkjn 8Uthority. local coundllors, central government and arranglng meatlng$ with the Pollce In our venues to enable the local community to attend. En5UTiW young peoplè have access to educauon material through speeth8s, litèrature 8fKI lectures online. Ouring the year pupils from the trust entered major Quran (x)mpelilions, reaching the finals In each competition. Pupil admissions for members and non-members children fro the Madrasah. Raising furKls from the community for local. nation81 and vKJrldwde dlsasters such as MRI appvdl and Palestine. The MPIT web8lte Is up and running for the wmmunity to acc888. On Llne Payments systems in place. Madrasah Fees paid via on line payment System IRaazll-P8rents having ability to pay 10 monthly or 12 month in5ts1mentsl. Completion of Islamiya Syllabus. P4e2
MOUNT PLEA&4NT ISLAMIC TRUST Trustees, Report for the ear ended 30 Se Charity No. 517670 tember 2024 Other Madra5ah Schoolslsubscrlblng lo Sy118bus. copy rights in place Fund raising for local and inlernallonal ch8ri118s induding emergency appeals for dl888t6rs like Pakistan tloods. Children activities and progr8mmes Introduced during school holidays. Creation of revival group lo cater for the 8plritual needs of the communlty. Programmes and activities held for )Men and girls Pupil admissions for members and non-members children for the madrasah. Assisl new Musllrn8 to access leaching arvj praying facilltle8. First Youth conference took place Mount Ple8sanl Is18mlc Trust continues lo provide formal and non formal education lo students by Iralned le8chers and supwjrts the teachers with internal and external Ir8lnlng Inltiatives such as child proleclion,. first 81é., health and safety: and safeguardlng training, these training d8ys ar& buSlt Into the leaGher's year planner A Successful and fully subscribed Darul Arqum Nurs servln9 the wder ¢ommunlty. Female volunteerg of Mount Pleasanl18lamlc Trust contlnue to asslst the trust by holding charity events and women8 wellb8lng programme8. CCTV systems have B5s151ed the pollce In crlme prevenlSon #t trth slles. Effectlve sysl8m5 ar8 in place for ¢ommunlcallon beOn the Iruslees. members and Staff of the Iru8t. Everyone is encouraged to provldg feedback and inpul lo the Executive Comrnlttee vla email. phone or In wrllln9. Regular executlve meetings are held lo identify deficlt8 and the minuteB of eath meets'ng can be acces88d on request ty members. Flnanclal r•vl•w and r•sorvo$ The Trustees are ple888d to report th81 In the year donallons were recelved enabling the charlty to continue th8 achlevemenl of118 obleclives. Durlng the yaar the funds generated by Ihe Tru81 actfvlties have enabled the Trust lo cover the b1118 of tha Charlty. The ch8rlty's expenditure on Gharllable activities exceeded Its over811 Inc¥Jme for the year by £97,09212023.. £113.279}. A8 ever the charltys prlnGlpal cost is wage8 and 8alarle8 for Staff, these wsts which account for 60% of lotsl expendlture, have rlsen by £100,511 In the year. Islamlyah PubllGatlons which18 th8 pub118hlng of the M8dr•s8h syllabus has made $8le8 In the year of £58.125 {2023'. £57.199). and income from hlrlng of premises ond utensils was £21.32012023.. £28,630). General re8erves were £389,246 a$ al 30 September 2024 {2023: £387,697). The Propety Fund w88 £1,351,611 thls Is the book valu8 lat costl of th6 bulldlng5 and so cannot be conslderad 89 readlly ava118ble reseNe$. Mount Plaasant18lamlG Tru81 has a pollcy of malntalnlng a M8dr88ah FurKI vAlh a mlnlmum of working capltal of £25,000, which is lopped up from the Gener81 reserves. This 8ffecllvely Tepresents the annual cogt of supportlng the Madrasah aVe the fe88 Ihet are receSved, the top-up for thls1881 year was £287,431 (2023.. £321.314). Re•arve8 poll¢y It18 thé policy of the Tru81 to malntaln unre8lrlcled funds such that the nomial actlvitles of the charity esn be malntained al 8 sallsfactory level, our obligation5 mal and the 8ervlces w>vlded by MPIT are enhanced. The levels of the reserves are detailed in the financlal statements. The reserve5 of the Trust orlgln8te from origlnal aThJ Subsequent capltal and revenue donallons. The Trustees have gdopled a reserves Fjolicy that ensures the wnlinuing ability of the Trust lo meet 115 oblecllve5. The Trust now ha¥ 2 Invesiment propertles 10 8UPPOrt its aclivltle5. Invostmont Pow•rn The Consllbjllon aulhorises the Iruslegs lo make and hold Investments In accordance wlh the objects and profe$slonal advlce using the general funds of the charlty. Rlsk managgmgnt The truste88 actfvely 8ssesg the major risks lo which the charlty18 exposed through regular rneellng8 and are satisfied that Systems 8re In place lo mitigate their exposure to any major risks. These inGlude'. Safeguarding Iralnlng V•Drkshops for all Uslaads Iteathersl, volunteers, Trustees and caretakeTS. Crimin81 Record Bureau checks for stsff and volunteers are in place and renewed. CCTV systems whlch have assisted the police in crime prevenllon at both siles. In the course of the year the Iruslees have reviewed the need to malntain adequate resources for both worklng Page3
MOUNT PLEASANT ISLAMIC TRUST Trustees, Report for the vear ended 30 SeDlember 2024 Charity No. 517670 capital and future resource needs. Effective systems are in place for communKation bets¥een Trustees. members and staff of the trust. Regular executlve meetlngs are held lo identify deflclts and the minutes of each meeting can be accessed on request by members. Everyone is encouraged ta provide feedback and Input to the Executive Committee vla emall, phone or in writing. Plans for futuro pgrlod3 The following proposed fijlure key obje¢tlves are to help ensure the smooth and effeGtive running of th8 Tru81. Ongoing discussions with members to keep propertles updated and repaired.Propose fijture works wlth regard lo property including the annex. Conllnu8 to in¢rease m8mbership and raise funds. Make ae$S lo faci11118s for the whole communrty. Property investment- 2 propertles purchased to safeguard the future Income of the Trust. Ensure budget plans are In place s¥lth stralegles to meet the Trust's yearly flnanclal obligations. 1- Strong organl•atlon ftnd 18adornhlp The Tru8t need8 to continue looklng to.. 1.1 Slrenglhening the organisallonal 81ructure. 1.2 Taklng Steps lo be an effecllve, dynamic, strong and Injsled charfty. 1.3 Worklng In partnershlp wllh local org8nisallons', the communlty,. healthcare and wllco to strengthen community 8afety. 2 . Securn Ilnanclal ro•ourc•s 2.1 Strengthgn our Independence of 8llr8Gt4ng donors by Identlfylng fundlng 3ource5 via local buslnesses. 2.2 Secure and strengthen partnershlpB wlth parents of the young chlldren allending the M8dra88h 2.3 Develop a strong volunteer base for the Mount Pleasant Islamlc Trust and youth development initlallves. 3- Nurturlng frlend•hlp• and ostabllshlng n•w notworks 3.1 Buildlng a Blronger relallonshlp wllh mainstream and communSty organlsations afKI engaglng wlh them. Tru¥to••' re¥pon•lbllltl•g In rnlatlon to tho flnanclal statem•nt• The charlty truste88 are responslble for preparlng 8 tru318es' annual report and financlal slatements in accordance wlth app11ble law and Unlted Klngdom Acoiunllng starards Iunlled Klngdom Generally Accepted Accounllng Practice). The law applicable to charltles in England and W8188 requlres the truste to prepare flnanclal statements for each financ181 year N*thlch give a true and falr view of the 8tale of affalr¥ of the tharity and of the Income and expendlture of the charlty for that period. In preparing flnanclal statements, the Iruslees are requlred to.. s8IKt sultablg accounllng pollcles and apply them consi5tenUy; observe the methods and prlnciples In the applicable Charllles SORP; make judgements and estimates that are reasonable and prudent- slate whether applicable accounllng standard8 and statements of recornmended pr8cllce have been followed 8ubje¢t lo any departures dlsdosed aThJ explalned In the financlal statements,. and., prepare the finanGlal statemen18 on a golng concern basls unless1118 Inappmpriale lo presume that the charity 11 continue in operatlon. The trustees are responslble for keeplng acwunllng records that dlsclose wth oasonable accuracy at any Ilme the financial posltlon of the charity and to enable them to ensure that the finanGlal statements comply wllh the Charltles Act 2011. the applicable Charilles (Accounts and Reports) Regulations, and the provisions of the Trust deed, They ara also responsible for safeguarding the 8ssels of the charity and taklng reasonable slep5 for the prevention and detection of fraud and other Srregularilles. The trustees are responslble for the malntenance and inlegrlty of the charity and finandal information Included on the charity's website in accorfance wllh leglslalion in the United Kingdom governlng the weparalion and dissemination of financial statements, such legislatbon may differ from leglslation in other jurisdictions. Thanks The trustees take Ihls opportunity lo thank the local community. in partiGular our generous donors and benefiGiaries for thelr support and having faith in the Trust for Its 8blllty lo deliver TvICeS to the local Islamic community. P&Je4
MOUNT PLEASANT ISLAMIC TRUST Trustees. Report for the ear ended 30 Se Charlty No. 517670 tember 2024 The executlve commltte8, volunteers, staff and frlends remain committed to the of Mount Pleasant Islamlc Trust. Approval Thts report approved by the tru8tee8 on 18th May 2025 and 81gned on thelr behalf. 81gn•d Mohmad Faruk Dabhad (Chalrl 81gn•d Mohammed Amln Karalia (Treasurar) P&Jg 5
MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charitv Realstration No. 517670 Oplnlon We have audited the financial slatements of Mount Pleasant Islamic Trust for the year ended 30 September 2024 which comprise the Slatement of Financial Activities , the Balance Sheet, the Cash Flow Slatement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. Give a true and fair view of the state of the charitable companvs affairs as at 30 September 2024 and of its incoming resources and applications of resources, including its income and expenditure, for the year then ended; Have been properly prepared in accordan with United Kingdom Generally Accepted Accounting Practice.. and Have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS {UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitablé company in accordance with the ethical requirements that are relevant to our audit of the financial stataments in the UK, including the FRC'S Ethical Standard,and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe thal the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons ralatlng to going concern In audiling the financial Statements, we have concluded that the trustees use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the com panvs ability to continue as a going concern for a period of at least twelve months from vlhen the financial stalements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the related sections of this report. Other Matter The financial statements of Mount Pleasant Islamic Trust for the year ended 30 September 2023 were not audited and therefore no independent audit opinion was issued in respect of that period. Therefore, the comparative figures shown in these financial statements for the prior year are unaudited. Our opinion is not modified in respect of this matter. Other informatlon The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Page 6
MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charlt Re Istration No. 517670 In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Matter8 on which we are raquired to report by excèption In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees report. We have nothing to report In respect of the following matters in latiOn to which the Charities (Accounts and Reports} Regulations 2008 requires us to report to you rf, in our opinion.. adequate accounting records have not been kept, or returns adequate for our audit have nol been received from branches not visited by us: or the financial statements are not in agreement with the accounting records and returns,. or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audlt., or Responslbllitos of trustees As explained more fully in the Trustees, Responsibllltles Statement {page 4), the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to or error. In preparing the financial statements, the trustees are responsible for assessing the charitls ability to conlinue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. Audltor'8 r•spon8lbllltle8 for the audit of the flnancial statemants We have been appointed as auditors under Section 144 of the Charities act 2011 and report In accordance with the Act and relevanl regulations made of having effect thereunder. Our objectives are to obtain reasonable assurance about whether the flnancial statements as a whole are free from material mlsstatemenl. whether due to fraud or error, and to Issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material If, Individually or in the aggr8gate, they could reasonably be expected to influence the economic decisions of users taken on the basls of the financial statements. As part of an audit in accordance with ISAS (UK), the auditor exercises professional Judgement and maintains professional skepticism throughout the audit. Page 7
MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charit Re Istration No. 517670 The extent to which the audit was considered capable of detecting irregularities including fraud. Irregularities, including fraud, are instances of non-complian with laws and regulations. We design procedures in line with our responsibilities. outlined above, to detect material misstatements in respect of irregularities, induding fraud. To help us identify instances of non-compliance with laws and regulations that might have a material effect on the financial statements, and in identrfying and assessing the risks of material misstatement In respect to non-compliance, or procedures included, but were not limited to.. Making enquiries of management and. where appropriate, those charged with governance. as to whether the charity is in compliance with laws and regulations. and discussing their policies and procedures regarding compliance with laws and regulations., Inspecting correspondence. if any. with relevant licensing or regulatory authorities., Communicating identified laws and regulations to the engagement team and remaining alert to any indications of non-compliance throughout our audit,- and Considering the risk of acts by the charity which were contrary to applicable laws and regulations, including fraud. We also considered those laws and regulations that have a direct effect on the preparation of the financial statements, such as tax legislation, pension legislation. the Charities Act 2011 Based on our understanding of the charity and its sector, we identrfied that the principal risks of non-compliance with laws and regulations related to UK Charity Law and Safeguarding regulations. We considered the extent to which non-compliance might have a material effect on the flnancial stalements. as well as those laws and regulations that have a dlrect impact on the preparatlon of the financial statements. In addition, we evaluated the trustees, and management's incentives and opportunities for fraudulent manipulation of the financial statements Including the risk of override of controls and determined that the principal risks were related to revenue and management bias in accounting estimates and application of controls around authorisation around expenditure and payments. Our audit procedures in relation to fraud included but were not limited to.. Making enquiries of management on whether they had knowledge of any actual, suspected or alleged fraud., Gaining an understanding of internal controls established to mitigata rlsks related to fraud; Discussion amongst the engagement team around the risks of fraud., Evaluating and responding to the high risk of management override of controls by performing suitable tests over areas such as accounting entries; Substantively testing areas susceptible to fraud and manipulation, such as revenue recognition. There are inherent limitations in the audit procedures. Auditing standards limit the audit procedures to identify non-compliance with laws and regulations, the further that particular laws and regulations are from financial transactions. the less likely it is that we would become aware of non-compliance. Page 8
MOUNT PLEASANT ISLAMIC TRUST INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MOUNT PLEASANT ISLAMIC TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charit Re i8tratlon No. 517670 As with any audit, there remains a risk of non-detection of irregularities, as these can involve collusion, forgery, intentional omissions, misrepresentations or the override of internal controls. The primary responsibility for the prevention and detection of irregularities. induding fraud, rests with the trustees. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uldauditorsresponsibilities. This description forms part of our auditor's report. Use of our report This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone olher than the charity and the charity's trustees as a body, for our audit work, for this report, or for the oplnions we have formed. 18th Ma 2025 Ebrahlm Suleman (Senlor Statutory Audltor) for and on behalf of Forrest Burllnson, Statutory Auditor 20 Owl Lane. Dewsbury WF12 7RQ Page 9
MOUNT PLEASANT ISLAMIC TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity No. 517670 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Total funds 2023 Notss Income and endowments from: Donations Charitable activities Trading activities Investment." bank interest 177,100 99,577 58,125 6,518 177,100 883,891 58,125 6,518 144.686 720.322 57.199 3.059 784.314 Total Income 341,320 784,314 1,125,634 925.266 Expendlture on: Charitable activities Masjid Madrasah Darul-Arqum Ch8rit8ble donations Trading activities Other actlvlly costs 137,122 137,122 751,845 263,575 12,134 27,584 30,466 37.450 747,943 214,142 98 14.978 23,934 751,845 263,575 12,134 27,584 30,466 10 Total •xpendlture 207,306 1,015,420 1,222,726 1,038,545 Net incom•l{expenditure) 134,014 (231.106) (97,092) (113.279) Transfers 19 (281,181) 281.181 Net movement In funds 12.19 (147,167) 50,075 (97.092) {113,279) R•concllllatlon of funds: Total funds brought fonvard 2.257.440 279,427 2,536.867 2,650,148 Fund funds carrled fonyard 2,110,273 329,502 2,439,775 2,536,867 Page10
MOUNT PLEASANT ISLAMIC TRUST BALANCE SHEET AS AT 30 SEPTEMBER 2024 Charity No. 517670 Unrestricted Re8trlcted Funds Funds Total Funds T¢)tsl Funds 2024 2023 Notes FIXED ASSETS: Tangible assets 15 1,351,611 1.351.611 1,486,005 CURRENT ASSETS: Stock Debtors & Prepayments Cash at bank and in hand Total current assets 98.258 968 665,472 764,698 98,258 35.177 1.006.850 1,140,285 73,743 40,743 995,136 1,109,622 34,209 341,378 375,587 17 LIABILITIES: Creditors falling due within one year 18 6,036 46.085 52,121 58,760 Net curr•nt asset8 758,662 329.502 1,088.164 1,050.862 NET ASSETS: 2,110,273 329,502 2,439.775 2,536.867 FUNDS OF THE CHARITY: 19 General purposes fund Property fund Madina Masjid fund Madrasah Fund Darul-Arqum Fund Kind Connections Musalla Carpet Fund 389,246 1,351,611 369.416 389,246 1.351.611 369.416 25,000 299.579 897 4,026 2,439,775 387.697 1,486,005 383.738 28,208 246,296 897 4,026 2.536,867 25.000 299,579 897 4.026 329,502 2,110,273 The notes on pages 13 to 20 fom part of these a¢¢ounts. Approved by the trustees on 18th May 2025 and slgned on thelr behalf by: Signed . Mohmad Faruk Dabhad (Chair) Slgned . Mohammed Amin Karolia (Treasurer) P811
MOUNT PLEASANT ISLAMIC TRUST STATEMENT OF CASH FLOWS AS AT 30 SEPTEMBER 2024 Charity No. 517670 Total 2024 2023 Notes Cash flows from operating activities 21 11,714 29,034 Purchase of property, plant and equipment Change in cash and cash equlvalents in the reporting period 11,714 29,034 Cash and cash equivalents at the beginning of th6 period 995,136 966,102 Cash and cash equivalents at the end of the period 1.006,850 995,136 Reconclliation of cash and cash equlvalents Bank and cash in hand 1,006,850 995,136 Total cash and cash equivalents 1,006,850 995,136 Page12
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity No. 517670 Accounting Policies The Charfty Is 8 publlc benefit entity as defined by FRS 102. The prinupal accounlirvJ policies adopted. ludgements and key sources of eslimalion uncertalnty In the preparation of the finandal statements are as follows.. 1.1 Basls of preparatlon of accounts The accounts are prepared under the hlstorfcal cost corwentlon and Indud¢ th$ results of the tharivs operations vthich are described in the Trustees, Report and all ol vthich are continuing. The accounts have been prepared in accor(iance with the Statement of Recommended Pradce: 'Accountlng and Reporting by Charllies preparing their a(cnts in accordance vAth the Finanaal Reportlng Stsndard applicable in the UK ar Republic of IrelarKI IFRS 1021, applicable regvlalion5, and the Charllies Act 2011. The financlal statements are prepared in sterfing, whlch Is the functional currenGy of the charity and monetary amounts are rourHJed to the nearest £. 1.2 Fund8 structure Reslricled funds are funds tch are to be used in accordance wlh specSfic r8slrfcUon8 Imposed by the donor, legator. grant proder, or trust deed. Resldcted fund8 are those relating lo monles donated and fees collecied In running and supportlng the Madressa and Darul-Arqum, as w811 a8 appeals and donauons for speafic purposes explalned In the notes below. Unrestricted Income fu$ Compris8 those funds whlch the trustees are free to use for any purpose In the furtheranGe of Ihe charitable objects. Unreslrfcted funds Include deslgnated funds vknere the tru$le6s. at tholr dlscrellon. hav8 craaled a fund for a speaflc purpose. Deslgnaled funds are the Proporty Fund that represents the'brlck8-and-morta¢ of assets that IUld have to be dlsp)$8d of for these fund8 to be reall8ed and the Madlna Masjid fund Nvhlch18 the operallng eApItsI of tho Masjid. 1.3 Incom• All Incomlng resources are recognSsed onca tha ch8rlty ha5 enllllement lo the resourc8s.11 Is certaln that r8sourc8s 11 be rece6ved arKI the monetary value of Incomlng resources can be measured vAlh suffidenl rellability and are staled before all expenses. 1.4 Exp•ndlturn LSabllllies are recognlsed 8s resources expended as Soon as there is a legal or constructive obllgallon commilling the Gharlty to the expendllure. All expendlture is accounle(I for on an accruals basls and has been classlfled under headlngs that aggregate all cost8 related lo the category. Where expendllure has been allocated baen activltles thls has been done on the bo61s of Ihe ulillzatlon ol facllltles approximating to the amount of space occupled. All expendllure Is shown Inclusiva ol VAT the charfty18 not entllled to reclalm. 1.5 Allo¢Jtlon of ov•rh•ad and •upport co Overhead and support G051s have bggn allocalad a8 Included In note 11 below. 1.6 Tanglbl• flxed a¥s•t• for uso by tho charlty and d•pr•¢lJtlon TangSble fixed asselg for use by the Gharity are slated al cost less depre¢lallon. Depreciation is prOded al rates calculated to wrlte off the c05t or valualSon of ffixed assets less Ihelr eBllmaled residual value over Ihelr expected useful Ilves on the followng bases= Land NIL Bulldlngs slraighl Ilne over 25 years Flxtures. Fittlng5 & Equlpment slralghl Ilne over 5 years 1.7 Slock Stocks are staled al lower ol cost and estlmated selllng prlca less Gosts to complete and sell. Cost comprises direct malerfals and. whera applloqble. other dlrect costs Incurred In brlnging th6 stocks to thelr present condltlon. 1.8 Dabtors and pr•pawn•nt• Trade and other debtors are recognlsed al the selllemenl amount due after any discounL Prepayments are the amount of oxpen¢Jiture prepald as at the period end after taking aGcount of any dlscount. 1.9 Crnditors and provlslons Credllors and promsions are rerAJ9nised where the charlty has a present obligation as a resull of a past transaction or event that wll probably result in the transfgr of lund5 and the amount due to Settle the obligation can be measured or eslimaled rellably, these are recognised after any discount due. 13
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEM8ER 2024 Charity No. 517670 1.10 Flnanclal In•trum•nt¥ Financial instruments are recognised in the Gharivs balance sheets en the charity b8com8s party to the contractual provlsions of the inslrumenl. The ch8rlty h85 financial assets and Ilabllltles of a klnd that qualify as basic flnanclal Instruments. Basic financial assets, sthlch include debtors and cash and bank balances, a inits'ally measured al transaction price including Iransacllon costs and are subsequenily carfed at amortlsed $1 using the effectlve Interest method unless the arrangement conslltutes a finanfyng transaction, vknere the Ir8n8aclion is measured al the present value of the future receipts discounted at a m8rket r8tè of interest. Financial assets c188slfied as receivable wthin one year are not amortised. Finanual liablliues and equlty Instruments are classified according lo the substance of the contractual arrangement8 entered into. Being a company Ilmlte(J by guarantee, the charity has no equlty Instruments. Basic financial liabllllles. Includlng creditors and bank108ns are InIallY COgnised al transaction pr5ce unless the arrangement conslllule5 a flnanclng Irdll3aclion, Nthere the debt Instrument Is measured al the present value of the future receipts discounted al 8 market rate of Interest. Financlal liabllitie8 classlfled as payable Nwthin one year are not amortl88d. Trade credllors are obligations to pay for goods or seNlce5 that have been acqulred in the ordlnary cour$8 of busines5 from suppliers. Amounts payable are dassified as current l1abllleS if payment Is éu8 vthlhln one year or le35. If not, they are presented a5 non-currenl Ilablliues. Trade creditors are rgcognlsed Inlllally at Iran8aclion prlce and subsequently measured al amortl8e¢J cost using thè effecllv8 Interegl method. 2 0onatlon¥ and qlftj Unre•trlctod Fund• RtrIcI•d Fund• 2024 Total 2023 Totsl General donallons 177,100 177,100 144.686 177.100 177.100 144,686 3 Income Irom charltabl• a¢tlvltl•• Unrn•trl¢t•d Fund• Re•trlctod Fund• 2024 Total 2023 Total Member6 lee8 Madrasah fees Bookshop IKulub-Khanal income Oarul-Arqum funding Oarul-Arqum other Income Madrasah Funday Hall l)ooking and equlpment hlre Marriage fées Incoffle from solar panels & banner Kafan Fee 76.102 76.102 468,781 10,879 299.130 3,978 1,546 21.320 1,875 77,821 399,144 468,781 10.879 299,130 3,978 1,548 200,627 2,297 21,320 1,875 28,630 1,480 1,298 80 280 99.577 784,314 883,891 720.322 P4e14
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity No. 517670 Incom• from charlty tradlng actlvilie$ Unrestricted Funds Restrlctsd Funds 2024 Total 2023 Total Isiamlyah Serfes Publications 58.125 58.125 57,199 58,125 58.125 57,199 5 Madlna MlId costs Unre•trlctod Fund• Re•trlctsd Funds 2024 Total 2023 Total Insurance Heal arKI Ilghl Repairs and renewals Madina M8slld Wudhu Khana axpenses Mlscellaneous eypenses Prfnllng. p)8lage and stauonery Water raleg Support costs {note 12) 2,9)2 28,966 95.315 2,902 28,968 95.315 2.671 25,945 175) 250 250 320 2.443 7.246 2,443 7.248 2,353 5,776 137,122 137.122 37,450 6 M•dr¥¥•h cts Unr••trlcted Fund• R••lrfctad Fund• 2024 Total 2023 Totsl Wage$ and naJonal Insurance Insurance Heat and Ilghl Repalrs and renewp15 Madrasah Wudhu Khana expen¥es Prfntlng. postage and stallonery BusSn886 rates Water rates Telethne Teachlng materlals Bookshop purch88es Management soffvare Miscellaneous expense5 Madrasah Prizes ProfessSonal Fees Support Gosts lTr)ts 121 543.458 4.353 42,015 25.182 543,458 4.353 42.015 25,182 475.085 3,888 24,363 84.497 21,728 1,117 15.130 4.282 1,117 15,130 4,282 690 14.030 3,874 673 462 8,869 2,400 6,821 8,821 2,400 3.019 1,5(K) 101,878 3.019 1.500 101.878 9,136 98.938 751.845 751,845 747.943 P4e15
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity No. 517670 Darul-*qum costs Unrastrlcted Funds Restri¢t•d Fund8 2024 Total 2023 Total Wages, Nl aThJ pension ¢osts Staff training Repalr8 and renewals Printing, postage and stationery Telephone Teachlng materials Miscellaneous expenses Professiorwl fees Support W515 (rte 12) 193,416 2,715 20.617 379 185 6.741 4,674 193,416 2,715 20,617 379 185 ,741 4.674 161,281 1,548 8.261 1,682 176 4.006 3,764 144 33,280 34.750 34,750 263,575 283.575 214,142 8 Charltabl• donatlons Unr•strlet•d Funfls Ro•trlcted Funds 2024 Total 2023 Total Ma¢mlllan Donation NHS MRI Donation 134 12.000 134 12.000 12,134 12.134 Expendltur• on tradlng actlvltle• Unro¥trlcted Funds Re8trlct•d Fund8 2024 Total 2023 Total PubllshlNJ costs Bank charges 27.515 69 27,515 14.978 27,584 27,584 14,978 10 Oth•r actlvlty CO8t8 Unr•3trlcted Funds Roslrlct•d Fund• 2024 Totsl 2023 Total Repalrs and Tenewals Buslness rates Printing. postage aThJ ststlonery Telephone Professional Fees Miscellaneous expenses Syllabus sundrfes Klnd ConneGlions Expenses 17,480 17,480 842 18,122 332 405 1.450 10,289 405 1.450 10,289 3,806 30.466 30.466 23,934 P¥Ja 16
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Chadty No. 517670 11 Support costs Propety costs Admln & govemance Total MasSid Madrasah Darul-Arqum 4,876 97.138 32.380 134,394 2.370 4,740 2.370 9.480 7.246 101.878 34.750 143.874 Support costs. prloryear Admin & Costs govemance Total M8sJld costs Madrasah costs D8rul-Arqum Gosts 4,876 97.138 32.380 134,394 5,7T6 98,938 900 3,600 137,994 12 Net mo¥•m•nts In fund• for th• y•ar 2024 Total 2023 Total Th1s1s 6tated aftar charglng.. Depreclatlon Audltor for 8ervic8s of.. 134,394 134,394 1.710 1,890 - examlnalon - aGrK)unlancy audlt 3,840 5,400 13 Staff coats The average monthly number of st8ff employed by the chadty durlng the raporting p8rlod and an esllmale of the fvll-lime equivalent IFTEI number of Staff: Average no. 2024 FTE no. 2024 Averag8 rio. FTE no. 2023 2023 Madrasah Darul-Arqum 77 18 95 32 13 45 11 57 15 87 2024 2023 Wages and salarfes Madra5ah Darul-Arqum Penslon contdbutlons Madrasah Darul-Arqum Social securlty costs M8drasah Darul-Arqum 535,539 187,268 1.109 470.239 157,100 519 8,810 6.150 4.326 4,181 636,365 There are no amploy6es th emolumenls above £60.OW In tha yaar or ihe prevlous year. 14 Remuneratlon and exp•n•o• lo trust0 No remuneratlon Dr gxpenses were pald to any trustee in the year. Pagp 17
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEM8ER 2024 Charity No. 517670 15 Tangiblo Fixed As80ts Freehold Land and Bulldlngs Fixtures and Fittings Total At 1 October 2023 Addllion$ Disposals At 30 September 2024 3,659,832 101,147 3,760,979 3 659 832 101,147 3 760.979 Dopreclatlon At 1 October 2023 Charge for the year On disposals AI 30 S8ptemb8r 2024 2.173.827 134,394 101,147 2.274,974 134.394 2.308.221 101.147 2.409.368 N•t book valuo At 30 September 2024 1,351,611 1,351.611 At 30 September 2023 1,486,005 1,486.005 In October 2024. after the Gurront year end, the Charfty has pur¢ha5ed 2 Inve31menl propertles to saleguard the future Income of the Charity. The purtha5e prlce of each property Vfds £140.000. la stock Unr•¥trlct•d Re•trlct•d Fund• Fund• 2024 Total 2023 TotJl a• rn•tatod Stock of syllabus books 98.258 17 Cash al bank and In hand Unrn•trlctad R••trlct•d Fund• Fundi 2024 Totsl 2023 Total Cash al bank Cash In hand e57,361 8,111 338,188 3,190 995,549 11,301 984.412 10.724 341378 1,006,850 18 Llabllltle• Unr•strfcted Re•trlctsd Fund• Funds 2024 Total 2023 Total Credilors and accruals Prepaid income Taxes and $odal 5ecudty costs 6,036 11.336 17.372 45.874 45,874 111.1251 111,1251 35.915 22.473 372 46,085 52,121 58,760 Pag8 18
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Charity No. 517670 19 Analysls of charltable funds- currnnt >•ar Balance at Incomlng 1 Oct 2023 résources Resour¢o8 Total funds expended Transfer$ 30 Sept 2024 Unrestric10d Funds: General purposes lund Property fund Madlna Maslld fund 387,697 1.486,005 383,738 2,257,440 225.766 170,1841 (154.033) 1134.394) 7.246 281,181 389,246 1.351.611 369,416 2.110,273 115.554 341.320 137,122 207.306 Restrlcted Funds: Madrasah Fund Darul-Arqum Fund Kind Connectlons Musalla Carpet Fund 28,208 246.296 897 4.026 279,427 481,206 {751.8451 303,108 (263,5751 287,431 13.750 25,000 299,579 897 4,026 329,502 784,314 1,015,420 281.181 2.536.867 1.125.634 1,222,726 2,439.775 Analysls of charlt•bl• fvnds- preOu8 y•ar B818nc8 81 I OGt 2022 Incomlng resources Resources Total fvnds expended Translers 30 Sept 2023 Unre¥trlct•d Funds.. General purposes fund Pmperty fund Madina Masjh# fvnd 372,559 1,620,399 238, 124 (39,010) (183,976) (134,394) 387,697 1.486.005 383 738 2 257 440 76,109 314 233 31,450 2,332 261 312,594 R•$trlthd Funds.. IAadr8s8h Fund Darul.Arqum Fund Kind Connedlons Mus8118 Carpel Fund Wudhu KIna (washrooms) Fund 25,000 266,234 408, 109 1726,215) 202,924 {214, 142) 321,314 (8.720) 28,208 246,296 4,026 4,026 317885 611,033 962,085 279,427 2,650. 146 925,266 7 038,545 Unrestrlctad funds: General purposes fund Thls Is the prlnclple fund of the charlty and Inme produced from Ihls fund Is used to support the Vrk ol the tharity. Unrostrlcted d•8lgnat•d lund•'. Prowrty fund Thls fund represents the brfcks and mortar Included al the balance sheet value. Madlna Mosjld fund This fund provldes the operallng capital of the Madlna Masjid. Restrl¢t•d funds: Madrasah Fund This fund relates to monles donated and fee5 collected in runnlrvJ and supportlng the Madrasah. Darul-quM Fund This fund relates to monles donated and fees collected In runnlng and supporting the nursery. Musalla & Madrasah (carpet) Fund This fund relates lo monles collected for the replacement of the carpet in Madrdsah. Klnd Conngctlon8 Fund This fund relates lo monies donated to 8SgiSt the community during th8 Covld-19 pandemiG. P4819
MOUNT PLEASANT ISLAMIC TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Chartty No. 517670 20 Analysls of net assets belweon funds Unrestricted General Funds Unrestric1 Unreslrlcted Restricted Propety Other Funds Fund FurMIs Total Funds Tanglble fixed assets Current assets Creditors falling due vAlhin one year 1,351,611 1,351,811 1.140.285 52.121 2.439,775 395,282 6.036 389.246 369,416 375,587 46.085 329,502 1351.611 369.416 Analysls olnet•55•ts hel8 funds- prevlous year 2023 Unrnstrided Unrestrlcted Unr8strlcl&d Reslricted Gen8r81 Property Other Funds Funds Fund Funds Tot81 Funds TangIb fixedassets Current 8ssels Credllors falllng due wllhln one year 1,486,005 1.486,005 1. 109.622 58.760 2 536.867 393,411 5,114 387 697 383, 738 332,473 53,046 279 427 1486,005 383 738 21 Re¢on¢lllatlon of not rnov•m•nts In lund• to n•t G••h flow froffl op•ratlng actlvltla8 Totsl 2024 2023 N81 movemanl in fvThJs Add back depredatlon charge Decrease {InGrease} in stock Decrease {Increasa} in debtors Increase (decrease) In cxedllors 197,092 134,394 124,515) 5,566 {6.639) (113,2791 134,394 12,707 {17,5741 12,787 Nel cash used In operating actlvlU8S 11,714 29,035 22 Related Party Tran8actlon• The trustees of Mount Pleasont Islomic Trust recognise the importance of transporency. Thefvnds of the chority ore expendedsolelyfor the odvancement ond objectlves of Mount Pleasant Islomic Trust. Appropriate systems andprocesses ore in place to ensure relatedporties Gre identifledfrom the onset. A ppropriate guidelines. normal practices and procedures orefvllowed in oll transactlons with related parties, ond the proce55 Is regulorfy revlewed. The charity, on o regular basis, continues to review its Systems ond processe5 to ensure compliance wlthln the SORP guidelines. P49 20